What is a Bitcoin casino? Crypto Gambling Explained

If you have heard about Bitcoin casinos (or crypto-casinos) but you do not really understand the difference between your typical online casino and a cryptocurrency casino, then you are not alone. Of the hundreds of online casinos available to players worldwide, roughly 10% of them are Bitcoin casinos, and they are continually growing in popularity. Here, we will give you a condensed introduction to Bitcoin casinos, why you should use Bitcoin casinos, and where to start playing and making money.

What is a Bitcoin casino?

Crypto casinos will usually have all of your traditional slots and table games, but sometimes there are exclusive games with themes relating to cryptocurrency, such as the popular Bitcoin slots game Satoshi’s Secret, and recent hits such as Crash and Dice. Some Bitcoin casinos might accept over 30 cryptocurrencies while others may only allow Bitcoin or Ethereum.

Which cryptocurrencies do crypto casinos accept?

The most popular cryptocurrencies accepted by Bitcoin casinos are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Bitcoin Cash (BCH)
• Dogecoin (DOGE)
• Monero (XMR)
• Litecoin (LTC)
• Ripple (XRP)
• Cardano (ADA)
• Tether (USDT)
• and dozens more!

Of course, Bitcoin casinos will also support traditional payment methods such as credit cards (VISA, Mastercard, etc.), debit cards (Interac, Carte Bleue, etc.), and e-wallets (NETELLER, ecoPayz, STICPAY, Venus Point, etc.). All you need to do is to make your deposit like usual (in your currency), and the funds with then be converted and deposited into your casino player account. Then you can start playing, just like you would at any online casino! Very straightforward.

Why do people play at Bitcoin casinos?

Bitcoin casinos offer great advantages for modern players, and that is why the use of crypto is gaining in popularity. In a recent survey, casino players said that security is the most important factor because all transactions are almost 100% guaranteed to be successful without any possibility of fraud or human error in between. As long as you withdraw your cryptocurrency to the correct address (from the online casino to your preferred crypto-wallet), you are guaranteed to receive it. As well, using cryptocurrencies allows both the casino operator and the player to experience higher levels of satisfaction from ownership (because there is no third party in between).

The second important factor is speed. Deposits and withdrawals with Bitcoin are instant, meaning that you will not have to wait a lifetime to access your winning funds because traditional payment processors such as banks or credit card companies will often hold on to your money for some period of time before finally release the funds to you. In countries and jurisdictions where online gambling is a grey area, many players turn to crypto as alternative deposit and withdrawal methods since the transaction will not be touched via a third party.

Why should I play at a Bitcoin casino?

In short, you are not obligated to play at a Bitcoin casino ever, but you should at least try it. And if you have decided to try a crypto-casino, then the following are major advantages that will reinforce your decision to try a Bitcoin casino.

1. Bitcoin and Thousands of Altcoins

There are over 4,000 cryptocurrencies to choose from. Although Bitcoin is only one of many digital currencies on the market, it is the most popular one. Other digital currencies featured on online casino sites include Ethereum, Litecoin, Dogecoin, Bitcoin Cash, and more. However, it all comes down to your preference. Do you currently have only Bitcoin? Great! You can basically play at any crypto casino. Do you have only Dogecoin or Cardano? OK, that is good too, but your selection is now limited. Be sure to choose the casino that deals with your preferred currency.

And if you only have a debit card or credit card, no problem. You can always purchase the crypto you need (just like online shopping!), and your funds will be instantly deposited in your casino’s player account.

2. Speed and Restrictions

A major advantage that Bitcoin casino operators have over traditional online casinos is that they process payments quicker (usually within 15 minutes). The restrictions on limits are also often negotiable. At traditional online casinos, your withdrawal amount is often restricted to €/$ 5,000 or €/$10,000 per transaction, but at Bitcoin casinos, there are seldom any withdrawal limits! Did you just win 5 Bitcoin? Great, you can go ahead and withdraw that right away.

3. Safety and Security

The safety and security of your funds is absolutely the priority of casino operators, and this is where Bitcoin casinos exceed compared to more conventional online casinos. This is more of a technical reason, but please understand that when you play at Bitcoin casinos, your funds are actually kept in the cold wallets of casino operators (meaning that cryptocurrencies are not actually stored on the casino website), making it impossible for hackers to access your funds since your cryptos are not directly connected to the internet (because of cryptocurrencies’ blockchain nature).

4. KYC (Know-Your-Customer) Verification

If you have signed up to a traditional online casino before, you will know that a ton of paperwork is usually required, and sometimes it could take days before your documents are seen and approved. With many crypto casino operators, the KYC procedure is completely optional.

What to do now?

Considering global trends, it is predicted that Bitcoin casinos will only continue to grow in popularity, with more players using all sorts of cryptocurrencies to make transactions at online casinos.

Remember that blockchain, the ground-breaking technology that helps Bitcoin casinos become so innovative, offers you the opportunity to make bigger and bigger profits when playing. Let’s remind ourselves of the traditional way of playing:

Now, consider the new way of playing:

As you can see, this is why Bitcoin casinos are so popular. Lastly, if you are worried about fraudulent crypto-casinos, then please rest assured that all casinos mentioned in our website are safe, secure, and legal, because they have all obtained the proper international gambling licenses from the strictest authorities in the world. Please see each casino review to learn more.

In the meantime, check out the following Bitcoin casinos and see which one suits your needs the most. Good luck!